The benchmark S&P/ASX 200 Index closed 32.6 points, or 0.74 per cent, higher at 4456.8, while the broader All Ordinaries gained 29.9 points, or 0.67 per cent, to 4473.4.

The market's positive run continued after eurozone finance ministers and the International Monetary Fund agreed to release €43.7 billion ($A54.2 billion) in loans to Greece.

Bell Direct equities analyst Julia Lee said the news helped buoy the local market. ''It's been a positive,'' she said.

Elsewhere in the region the Shanghai Composite Index fell below the 2000-point mark for the first time since 2009.

''That takes the Chinese market to levels not seen since the global financial crisis,'' Ms Lee said, adding that the underperformance stirred concerns about a slowdown in economic growth in China, one of Australia's key trading partners.

But investors instead took their positive cues from CSL, which upgraded its profit guidance. The shares rose to an all-time high of $50.55 in intraday trading and closed at $50.01.

This was after CSL had forecast that profit after tax would grow by 20 per cent this financial year, up from the 12 per cent forecast made in August.